Business
Rio2 Limited Provides Corporate Update and Announces Senior Management Appointments
TORONTO, Ontario, May 30, 2017 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSX-V:RIO) announces today that the Company continues to strengthen i
About this update from Rio2 Limited
[{"type":"text","content":"TORONTO, Ontario, May 30, 2017 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSX-V:RIO) announces today that the Company continues to strengthen its management team and provides an update on its activities. Senior Management Appointments Rio2 is pleased to announce the appointments of Kathryn Johnson as Executive Vice President – Chief Financial Officer and Corporate Secretary and Luc English as Country Manager – Nicaragua. Both Kathryn and Luc will assume their new positions with the Company on 1 June 2017. Kathryn Johnson is based in Vancouver and has over 10 years of experience in the mining industry, primarily in Latin America. Kathryn brings extensive experience in accounting and finance, including financings, mergers and acquisitions, project development, internal controls and financial reporting. Kathryn held various senior positions at Rio Alto Mining Limited until acquired in 2015. Her last position was Chief Financial Officer and prior to that Vice President, Corporate Controller and Corporate Reporting. While at Rio Alto Mining, Kathryn was a key member of the team that successfully completed the acquisition of Sulliden Gold and the Shahuindo Gold Project for $300 million in 2014 and the subsequent sale of Rio Alto to Tahoe Resources Inc. for $1.2Bn. Kathryn has also held the positions of Financial Reporting Contractor at Goldcorp, Director of Finance at Tahoe Resources. She holds a BA with a double major in History and Political Science from the University of British Columbia and is a CPA, CA who earned her chartered accountant designation while articling at PricewaterhouseCoopers LLP in Vancouver. Kathryn Johnson has been granted an aggregate of 100,000 Restricted Share Units and 250,000 options to purchase Rio2 common shares at the exercise price of $1.71 per share, all pursuant to Rio2’s Share Incentive Plan and Stock Option Plan. The grant of the RSUs and Options are subject to regulatory approval. Kathryn replaces David D’Onofrio as Chief Financial Officer and Corporate Secretary. The Company wishes to thank David for his contributions during the Company’s transition over the past two months. Luc English is based in Nicaragua and has over 20 years’ experience as an Exploration Geologist and Manager. He has spent the past 10 years in Nicaragua where he succe...